XML 34 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Sales
12 Months Ended
Dec. 31, 2018
Disclosure Of Revenue [Abstract]  
Sales
Sales
 
2018
 
2017
 
2016
Manufactured products and services rendered:
 

 
 

 
 

Rice
92,560

 
83,849

 
94,331

Ethanol
324,661

 
241,650

 
211,451

Sugar
128,377

 
305,688

 
330,895

Soybean oil and meal
14,059

 
6,119

 

Energy
57,797

 
62,218

 
53,995

Powder milk
8,646

 
2,713

 
4,816

Services
487

 
1,144

 
1,160

Operating Leases
643

 
771

 
984

Others
7,826

 
5,273

 
1,423

 
635,056

 
709,425

 
699,055

Agricultural produce and biological assets:
 

 
 

 
 

Soybean
66,471

 
79,408

 
63,797

Cattle for dairy
2,891

 
3,380

 
3,059

Corn
33,106

 
82,482

 
48,502

Cotton

 
420

 
1,434

Milk
19,267

 
31,656

 
24,561

Wheat
30,091

 
14,835

 
16,951

Peanut
1,752

 
3,648

 
1,703

Sunflower
1,314

 
3,163

 
7,275

Rice
216

 

 
950

Barley
1,203

 
1,888

 
1,240

Seeds
461

 
727

 
625

Others
1,411

 
2,146

 
83

 
158,183

 
223,753

 
170,180

Total sales
793,239

 
933,178

 
869,235


 
Commitments to sell commodities at a future date
 
The Group entered into contracts to sell non-financial instruments, mainly sugar, soybean and corn through sales forward contracts. Those contracts are held for purposes of delivery the non-financial instrument in accordance with the Group’s expected sales. Accordingly, as the own use exception criteria are met; those contracts are not recorded as derivatives.
 
The notional amount of these contracts is US$ 68.1 million as of December 31, 2018 (2017: US$ 63.3 million; 2016: US$ 111.8 million) comprised primarily of 11,498 thousand tons of sugar (US$ 2.7 million), 12,822 thousand m3 of ethanol (US$ 6.7 million), 636,647 thousand mwh of energy (US$ 40.3 million), 14,279 thousand tons of soybean (U$S 3.6 million), 26,273 thousand tons of wheat (US$ 5.3 million), and 53,927 thousand tons of corn (US$ 8.5 million) which expire between February 2019 and December 2019.